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Alexander J. Narcise, CPA
Partner, Real Estate Services
PROJECT SPOTLIGHT
Our strategy as an accounting firm is to always meet the needs of our clients. Over the last decade or so we have expanded to many different services. One of those services is the creation of the WISS Family office. Our clients’ family dynamic and operations of such is more overwhelming than running the business itself. In most cases our clients do not have the administrative resources or time to focus on the financial needs of the family. We have had many success stories across many different clients in the real estate area and eased these burdens. The WISS Family office combined with our dedicated real estate team have helped clients with the following:
1. Treasury and Cash Management (Liquidity Solutions, around business cash flows)
2. Distributions for Beneficiaries per Trust Schedule 3. Trust Summaries and Family Conversations
4. Succession Planning of Individual Family Office 5. Integrated Reporting
6. Outsourced Accounting and Bookkeeping Services with Integrated Portal
7. Tax-Managed Investment Management for liquid investments across entities
8. Back Office Fee Aggregation
9. Year-round Tax planning
• High Net Worth specialists focused only on personal tax returns
• Proactive tax projections
• Cost segregation and energy studies
• State BAIT programs (assisting clients to minimize Federal taxes by
paying state income taxes through various entities) • Like-Kind Exchanges
TRANSACTION SPOTLIGHT
In today’s environment accounting and financial resources are very difficult to find or replace. Companies often find themselves losing key accounting and financial resources and inopportune times. Our WISS Advisory team has in- house resources that have served as CFOs and controllers at real estate companies. These resources also have extensive
experience with the typical real estate systems (YARDI, MRI, Appfolio, etc.). We can help augment for short to long periods of time until a suitable replacement can be found.
In addition to augmenting for this role we can help recruit and find a suitable replacement. We have found in our experience in the real estate industry along with our own in- house recruiting department that we will have more success in finding a suitable candidate vs. the large recruiting firms.
OUR CLIENTS
We specialize in family-owned real estate companies throughout New Jersey and New York. Our clients are developers and owners of multifamily, office, industrial, data centers and retail properties.
OUR ADVANTAGE
Our clients would agree that Wiss provides extraordinary service. We listen to understand our clients’ needs and are quick to respond to their requests. Our latest net promoter score of 84.4% is far above the industry average of 24%. Learn more about what our clients have to say here: wiss.com/client-satisfaction/
ON THE HORIZON
Our advisory and family office services have been the biggest areas of growth at the firm. The demand we are seeing in
the advisory area are bookkeeping services (outsourced accounting/temporary assignments), organizational advice, implementing new technologies, tax consulting with the ever- changing tax code and recruiting for accounting and finance personnel. Our family office and wealth management division is growing because as CPAs we are in a unique position as advisors to help connect business matters with family matters. Lastly, we are very involved in the Long-Term Tax Exemption law (PILOTs) in a consultative role when negotiating financial agreements, in assistance with PILOT applications and on the annual audit compliance.
100 Campus Drive, Suite 400 Florham Park, NJ 07932
AT A GLANCE
YEAR FOUNDED: 1969
NUMBER OF ACCOUNTANTS INVOLVED IN COMMERCIAL REAL ESTATE IN NEW JERSEY: 30
AREAS OF EXPERTISE IN REAL ESTATE: Wiss provides tax consulting, CFO services, business advisory, outsourced accounting, wealth management, insurance, recruiting services, audit, reviews, compilations and tax compliance.
Contact Alexander J. Narcise, CPA Partner, Real Estate Services [email protected] or (973) 994-9400 x1314
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